EIX:
The current market price stands at 63.08, unchanged from the previous close, indicating no percentage change.
Support and Resistance Levels
The support levels are 63.08, 63.08, and 63.08; the resistance levels are also 63.08, 63.08, and 63.08. The pivot point is 63.08.
Indicators
The RSI is at 100, suggesting an overbought condition. The Parabolic SAR remains at 63.08. Other metrics such as ATR and ADX are not applicable.
Market Sentiment
The market is bearish since the price is at the pivot point 63.08, with indicators not supporting a buying trend.
EIX Signals & Technical Analysis
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Edison International (NYSE: EIX) is a leading energy company based in Rosemead, California. Founded in 1886, it has evolved into one of the largest electric utility providers in the United States. The company primarily operates through its subsidiary, Southern California Edison (SCE), which delivers electricity to approximately 15 million residents across a service territory of 50,000 square miles in Southern California. Committed to sustainability and innovation, Edison International is actively investing in clean energy solutions, modernizing the grid, and reducing greenhouse gas emissions, aligning with California's ambitious climate goals.
Market Position
Edison International holds a strong position in the energy sector, ranking as one of the top electric utility companies in the nation. With a robust customer base and a comprehensive energy portfolio, the company plays a crucial role in the transition to a low-carbon economy. As part of its market strategy, Edison International focuses on enhancing energy efficiency, increasing the use of renewable energy sources, and improving energy storage capabilities. This strategic emphasis on sustainability enhances its competitive advantage while supporting the growing demand for green energy solutions.